In this article, I am going to cover details about health insurance for family and how one should approach it.
- Health insurance is as important as Term insurance. One should opt for it as soon you start your first job.
- Make sure you are covering your family members including your parents, if they don’t have a health cover on their own.
- Cover enough to get you a bed with dignity and avoid plans that provides you a deluxe room unless it doesn’t change the premium much.
- Never depend on employer’s cover, however you could make claim’s on it during your days of employment.
- Don’t look at it as an investment and try to get returns out of it.
- Do not go for a high premium plan, just because you can save tax on it.
- Health insurance is still needed even after you achieve financial freedom unlike term insurance.
Baja Allianz, Star Insurance, Max Bupa, New India Health Insurance, HDFC Ergo and ICICI Lombard are some of the top health insurance providers.